Ubisoft sees FY2026-2027 net bookings down high single digits

Sees a high single-digit negative non-IFRS operating margin and free Cash Flow consumption of no more than EUR 500M. “The Group expects a significantly stronger and diversified pipeline of content to come over FY2027-28 & FY2028-29, supported by releases across its major brands including Assassin’s Creed, Far Cry and Ghost Recon as well as an acceleration of its Live services driven by Rainbow Six Siege. In this context, the Group expects to get back to Free Cash Flow generation and positive non-IFRS EBIT in FY2027-28 and generate robust Free Cash Flow in FY2028-29, with positive cumulated Free Cash Flow during the FY2026-27 to FY2028-29 period.”